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China, U.S. discuss next stage of trade talks


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BEIJING (Reuters) - Chinese Vice Premier Liu He spoke on Tuesday with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, exchanging views on pushing forward the next stage of trade talks, China’s Commerce Ministry said.

 

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Top U.S., China Officials Speak on Trade Amid Huawei Arrest Row

 

China’s Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke by phone Tuesday morning Beijing time, signaling that dialog continues on trade issues despite a diplomatic row over the arrest of a senior Chinese businesswoman.

  • The two sides exchanged views on the timetable and road map of future trade talks, according to a statement from China’s Ministry of Commerce.
  • Liu leads China’s trade negotiations with the U.S.

Key Insights

  • The occurrence of the call may indicate that Washington and Beijing are seeking to implement their agreement from earlier this month to ease trade tensions, even after the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou

Market Reaction

  • The offshore yuan rises 0.09 percent to 6.908 per dollar as of 9:46 a.m. in Hong Kong; the Australian and New Zealand dollars also rallied.

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